Asia-Pacific: Metal Flexible Tubing Market 2025

Metal Flexible Tubing Market Size in Asia-Pacific

The Asia-Pacific metal flexible tubing market totaled $X in 2021, growing by 3.2% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Flexible Tubing Production in Asia-Pacific

In value terms, metal flexible tubing production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Flexible Tubing Exports

Exports in Asia-Pacific

Metal flexible tubing exports skyrocketed to X tons in 2021, growing by 43% compared with the previous year's figure. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing exports surged to $X in 2021. Overall, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was near 80% of total exports in 2021. India (X tons) held an 8.2% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (6.7%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal flexible tubing exports from China stood at +13.0%. At the same time, Taiwan (Chinese) (+17.2%), India (+10.1%) and South Korea (+6.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +17.2% from 2012-2021. From 2012 to 2021, the share of China increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal flexible tubing supplier in Asia-Pacific, comprising 64% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports. It was followed by India, with a 9.2% share.

In China, metal flexible tubing exports expanded at an average annual rate of +15.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+9.7% per year) and India (+7.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 9.8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the other leaders experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports in Asia-Pacific

In 2021, the amount of iron or steel flexible tubing imported in Asia-Pacific surged to X tons, increasing by 47% on 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the key importer of iron or steel flexible tubing in Asia-Pacific, with the volume of imports accounting for X tons, which was approx. 29% of total imports in 2021. Japan (X tons) ranks second in terms of the total imports with an 11% share, followed by Australia (10%), South Korea (8.5%), Indonesia (7.5%), Taiwan (Chinese) (7.3%), China (6.5%) and Singapore (4.5%).

From 2012 to 2021, average annual rates of growth with regard to metal flexible tubing imports into India stood at +16.1%. At the same time, Taiwan (Chinese) (+19.6%), Australia (+13.1%), South Korea (+10.5%) and Indonesia (+2.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +19.6% from 2012-2021. Japan and China experienced a relatively flat trend pattern. By contrast, Singapore (-4.6%) illustrated a downward trend over the same period. India (+15 p.p.), Taiwan (Chinese) (+4.5 p.p.), Australia (+3.8 p.p.) and South Korea (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, China, Japan and Singapore saw its share reduced by -4.1%, -5.4%, -8% and -8.5% from 2012 to 2021, respectively.

In value terms, China ($X), Australia ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 49% share of total imports. These countries were followed by Japan, India, Taiwan (Chinese), Singapore and Indonesia, which together accounted for a further 38%.

Taiwan (Chinese), with a CAGR of +20.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 6.7%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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